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HomeCrypto NewsMarketCoinhako Becomes First Crypto Exchange To List Shiba Inu In Singapore

Coinhako Becomes First Crypto Exchange To List Shiba Inu In Singapore

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Coinhako, a Singapore-based crypto exchange has added support for Shiba Inu.

Read: Coingate Made Shib Acceptable To Over 500 Merchants As Payment Option



It is not straightforward to receive any crypto-related approval from Singapore as the country has advanced and sophisticated rules for crypto service providers.

Last week, the exchange succeeded to obtain approval from the Singapore financial regulator to legitimately provide digital token services, becoming one of the first local crypto exchanges to accomplish such success. Coinhako exchange’s trading volume has grown by 1000% since the beginning of the year.

Coinhako users can trade SHIB against Singapore dollar (SGD), US dollar (USD), and Vietnamese dong (VND). Coinhako exchange also has a wallet that enables you to securely store Shiba Inu and other cryptos.

 

Coinhako made the SHIB listing announcement on their Twitter and official blog.

 

Launched back in 2014, Coinhako made a name for itself instantly with a six-figure investment from famous venture capitalist Tim Draper. Draper, who made his reputation by early investing in Skype, Twitch, and Hotmail, is also known as one of the first adopters of Bitcoin, he predicts that Bitcoin could reach the $250,000 mark by the end of 2022.

Shiba Inu was also listed on Gemini, Wealthsimple, and other trading platforms this November.

Read More On Shib:

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Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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